Netflix, RF Micro: Tech Winners & Losers

Winners & Losers updated with closing prices

NEW YORK (TheStreet) -- Netflix(NFLX) continued to rally on Friday, getting a lift from reports earlier in the week that its number of streaming subscribers had reached record levels.

The stock closed up 8.8% to $86.29. After a miserable 2011, the shares have gained nearly 25% since closing last Friday at $69.29

Netflix was also rising from a report that it could be a takeover target for Yahoo!(YHOO).

Apple(AAPL) shares edged up 1% to close at $422.45 amid rumors the company plans to launch two new iPads this year, with one due in March (the iPad 3) and another in October (the iPad 4). The devices will have a higher resolution display, better battery life and upgraded hardware, according to Taiwanese news site Digi Times.

RF Micro Devices(RFMD) shares plummeted 19.5% to close at $4.54 a day after the company cut its third quarter revenue guidance by 10%. The company says it expects quarterly revenue of $225 million compared to its prior forecast of $250 million.

Also, Zynga(Z) shares dropped 1.1% to close at $8.81 after Macquarie Group analyst Ben Schachter launched coverage of the stock with a neutral rating.

Schachter said that, while he is bullish on the video game industry's transition from packaged goods to online, he's wary about Zynga's overreliance on just a handful of users for most of its revenue.

--Written by Olivia Oran in New York.

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